GREY:QSLRF - Post by User
Post by
mercurysmithon Feb 05, 2015 2:37am
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Post# 23398130
January Progress Report
January Progress Report The January progress report just came out. As expected, it referenced the UL 1703 certification that happened in early January. Some of the more interesting other quotes from the report include:
As a result of the prohibitively high anti-dumping duties and tariffs, QSolar is unable to export to the United States at this time. The Corporation continues to look at its alternatives including the possibility of establishing a physical presence in the United States and contingent and subject to adequate capital resources or financing.
One new customer from South Africa placed an order for the previous month.
It is no surprise that Q is in need of capital. One can hope that with their newly obtained UL certification, they will get some financing from somewhere. It sounds like they are looking for some potential suitor in the USA to partner with and get the products manufactured in some location where the USA anti-dumping tariffs on China solar products won't apply. No doubt they are also looking closely at their contacts in places like Pakistan, India and South Africa to see what interest there is in purchasing their desert ready solar panels. Hard to push sales until they can get more working capital.